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ASIA: The Indian economy is poised to achieve 10.25 per cent GDP growth in FY 2021-22 on the back of effective government policies, Reserve Bank’s accommodative policy stance and improved business sentiments, industry body PHDCCI said on Monday. Last week, the Reserve Bank retained the GDP (gross domestic product) forecast for the current financial year at 9.5 […]

ASIA: Goldman Sachs has cut China’s growth forecast to 7.8 percent this year from the previously estimated 8.2 percent as the world’s second largest economy faces “yet another growth shock” in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out […]

ASIA: Japan’s services sector activity shrank for a 20th straight month in September as the coronavirus pandemic continued to weigh on sentiment, though the pace of decline eased from the sharp contraction seen in August. The government last week ended state of emergency curbs it had imposed to get the health crisis under control, as […]

ASIA: Goldman Sachs cut China’s growth forecast to 7.8 percent this year from the previously estimated 8.2 percent, as the world’s second largest economy faces “yet another growth shock” in the form of constraints on energy consumption. The country is already battling to save Evergrande amid fears that Chinese property behemoth could turn out into […]

  QUESTION: Mr. Armstrong, I attended the WEC last year for the first time. Everything you laid out came true. You were saying the Euro would peak by February and we were looking at a dark period into September to October. What I am amazed at is that your computer gets the timing correct and […]

ASIA: Evergrande’s debt crisis will slow down China’s economic growth, but will likely have minimal spillover on the country’s financial system, Li Daokui, a former advisor to the People’s Bank of China said in an interview to CNBC. He added that a default by Evergrande will have minimal effect on the Chinese financial system because […]

QUESTION: Marty, if I understood your forecasts on volcanos, you said this would increase post-2020 but the big one was not until after 2032. Is this all hype about La Palma Volcano? GV REPLY: There is normally a rise in volcanic activity with solar minimum. There is a plain correlation with that. I have written […]

ASIA: The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February. Today was the first time this month it added more than 10-billion-yuan short-term liquidity into the banking system on a single day. The move […]

COMMENT: Marty, your forecasts have been amazingly correct years in advance and then we get to watch other analysts coming in at the last minute to pretend they called it. You have always been in the mix and actually know all the people in all of these events since Long Term Capital Management. I have […]